• info[at]asiathemes[dot]com
  • (2)245 23 68

Cryptocurrency Scam Warnings Issued by New Zealand Financial Authority

Cryptocurrency Scam Warnings Issued by New Zealand Financial Authority

BTC Casino / 3rd November 2018

Growth in the cryptocurrency industry comes in many different forms. One worrisome trend is the growing number of scams. The financial authority of New Zealand is paying very close attention to any developments in this department. On their website, a fair few suspected scams have been reported over the past few weeks.


Thursday January 01, 1970

Addressing Cryptocurrency Scams
A lot of people pay attention to existing and new cryptocurrencies. Not all of these projects are legitimate, which is only to be expected. Numerous examples of fraudulent projects have been documented over the years. In the past year, governments around the world have begun warning consumers about potentially risky projects.
In New Zealand, a dedicated FMA page has been created for this purpose. It keeps track of suspected scams, fake claims,  and unregistered business offerings, The number of suspected scams has grown steadily in the past few weeks. At least 20 projects have been listed on this page since early August of 2018.
In most cases, the FMA advises users to be cautious when dealing with such companies. A large number of reports label projects as having “characteristics of a scam”. A fair few of them seem to offer high guaranteed returns on investment with no clear business model. That particular approach has become a common scamming tactic in the cryptocurrency industry.


Thursday January 01, 1970

New Zealand Sets a Commendable Example
Rather than ignoring cryptocurrency, the FMA does the right thing. It aims to protect New Zealanders from suffering financial losses because of fraudulent cryptocurrency projects. Issuing official warning signs can help novice investors avoid major issues down the line.
This approach also highlights the need for clear regulatory measures. In New Zealand, there is no official regulation pertaining to Bitcoin and similar currencies. That situation will need to change sooner rather than later. A similar “grey area” exists in most other countries around the world. Drafting regulatory guidelines for Bitcoin has been a time-consuming process first and foremost.
For enthusiasts and investors, this FMA page can be of great value. Any projects offering something that sounds too good to be true carries risk. Cryptocurrency is a volatile industry at all times. There is no legitimate way of guaranteeing profits over time. The year 2018 has proven all currencies and assets lose a lot of value in a few months.
Do you think that government warnings about suspected cryptocurrency scams serve a legitimate purpose or do they just cast crypto in a bad light? Let us know in the comments below.

Revhead Game Free Download Full Version For PC
Monday March 05, 2018

PLAZA – DIRECT LINK – FREE DOWNLOAD – CRACKED Revhead is a Simulation video game Revhead Free Download Revhead is an Action, Indie, Racing, Simulation video game for Free on PC Released on 10 Mar, 2017; developed by Creative Pudding Hungary Llc and Published by Creative Pudding Hungary Llc. Revhead is a car racing simulation…

The post Revhead Game Free Download Full Version For PC appeared first on W88bet.

Images courtesy of Shutterstock
The post Cryptocurrency Scam Warnings Issued by New Zealand Financial Authority appeared first on Live Bitcoin News.

Soi kèo bóng đá Hungary vs Phần Lan, ngày 19/11: Chỉ cần hòa
Saturday November 17, 2018

Kèo bóng đá Hungary vs Phần Lan – 02h45 sáng ngày 19/11/2018 – Giải Vô Địch Các Quốc Gia Châu Âu – UEFA Nations League. Soi kèo hiệp 1 trận Hungary vs Phần Lan Mọi chuyện đối với Phần Lan lúc này đang cực kỳ nhẹ nhàng dành cho họ khi […]

The post Soi kèo bóng đá Hungary vs Phần Lan, ngày 19/11: Chỉ cần hòa appeared first on Tin thể thao.

@ 2017 Esol Theme powered by WordPress Developed by ASIATHEMES